A pendulum line would be a median line set that looks for each pullback in a trend.
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DislikedA pendulum line would be a median line set that looks for each pullback in a trend. {image}Ignored
Disliked1. Plan the trade, trade the plan. 2. My swing is A to B. C to D is the projection that the fork suggests. 3. Before pivot C there is a coil. Before price descended to C it poked above then came down thus engulfing the coil. The rapid descent down is a sign to wait. Price then rapidly ascends and engulfs the engulf. Another way to see this is price overcoming a significant effort. 4. Price then ascends to the median line and encounters resistance at the WRB gap to the left. The resistance holds and price descends to the area where I previously described...Ignored
DislikedI am very impressed when you see your charts Eaglestar. Very good work. But i dont understand anything, but i like it !Ignored
Disliked@Winston Reed and eaglestar, and all valuable traders. I need your view or feedback about analysing individual currency indices. For long I have been concerned with them trying to exploit what I believe might be a hidden gem. Nevertheless, your views about he matter is important for me. I checked most of forex factory threads and I have not found any one that really delved into the matter. Most of the threads talk about correlation or an indicator showing few lines representing currencies that are crossing or diverting. Naaa. This not what indices...Ignored